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"Unless the Lord builds the house, those who build it labor in vain." – Psalm 127:1

Mortgage Rates Edge Lower

Published June 5, 2026

Freddie Mac released its latest Primary Mortgage Market Survey on Thursday, June 4. The survey showed mortgage rates decreasing slightly after multiple weeks of increases.

This week, the 30-year fixed mortgage rate averaged 6.48%, down from last week’s average of 6.53%. Last year at this time, the 30-year fixed mortgage rate averaged 6.85%.

The 15-year fixed mortgage rate averaged 5.79% this week, down from last week’s average of 5.87%. During the same week last year, the 15-year fixed mortgage rate averaged 5.99%.

“The 30-year fixed-rate mortgage decreased to 6.48% this week,” said chief economist at Freddie Mac, Sam Khater. “With mortgage rates in the mid-6% range and income growth outpacing home price growth, housing affordability is marginally improving.”

Based on published national averages, the savings rate was 0.38% as of 5/18. The one-year CD averaged 1.55%.